The global airline industry body has issued a warning of a total loss of about $29.3bn in revenue for the current year because of the outbreak of the coronavirus. This year, there will be a drop in the demand for air travel for the first time in more than a decade, predicted the International Air…
The huge outbreak of the coronavirus in China and elsewhere in Asia has dampened demand of Air travel in Asia which has forced airlines to issue warnings of a severe financial impact. While Air France-KLM estimated that the bit to it because of the coronavirus would be up to €200m, Australia’s Qantas expects a hit…
Strong growth recorded in its dialysis business and in the sale of infusion drugs unit in emerging markets helped the German healthcare group Fresenius to beat market expectations for the fourth quarter of last year and boosted confidence of the company to announce that it expects that its net income for 2020 will increase. 2018…
It was just months ago that employees of Amazon.com had publicly put pressure on founder and largest shareholder of the company Jeff Bezos, as well as the company to do more to g=fight climate change. Bezos, the richest man in the world, now has announced that he would personally contribute a part of his wealth…
The working conditions and safety practices of Amaiozn.com in the United Kingdom are under the scanner as calls for a parliamentary inquiry into safety of workers at the largest e-commerce company of world get louder as reports reveal that in the past three years, more than 600 workers of the company have either been seriously…
HSBC Holdings is set to undertake a massive restructuring of its business. The company announced that it would reduce its assets by about $100 billion while also reduce the size of its investment bank. It also announced plans for revamping of its business in the United States and Europe. This business restructuring is also expected…
The face mask has become the most visible symbol of the deadly coronavirus outbreak both in China and elsewhere. And according to reports, it is now increasingly becoming a prized possession across Asia as its demand by concerned citizens of the region to protect themselves from the coronavirus infection exceeds supply. There is virtually a…
Canadian company Bombardier Inc’s train business will be purchased by the French transport infrastructure company Alstom SA and the tow companies have reached a preliminary deal to that effect. The deal will be worth more than $7 billion on an enterprise value basis. This was first reported on Bloomberg on January 21 and later by…
Tariffs on aircraft made in Europe will be increased by the United States as its president Donald Trump tries to exert more pressure on the European Union in the long running dispute over government subsidies of private airplane makers. The tariffs on airplanes made in Europe would be increased from the current 10 per cent…
The last quarter of 2019 was a very poor one for the German economy, showed official figures for the country. There was almost no change in the Gross domestic product (GDP) or the total production of goods and services, for the country in the last three months of last year compared to the previous quarter.…
